Systematically speaking, corporate funds are joint-stock companies that raise funds by issuing stocks or certificates. After investors buy the shares of this company, they will become its shareholders, receive dividends or bonuses with the shares, and share the gains from the investment. In short, corporate funds are legally joint-stock investment companies with independent legal personality.
Corporate funds are established according to the articles of association of the fund company. Fund investors are shareholders of the fund company, enjoy the rights of shareholders, bear limited liability according to the shares they hold and share the investment income. The fund company has a board of directors to exercise its functions and powers on behalf of investors. Corporate funds are similar to ordinary joint-stock companies in form, but different from ordinary joint-stock companies, they entrust fund management companies as professional financial consultants or management companies to operate and manage fund assets.
Next, what are the characteristics of enterprise funds? Four aspects are enough to give you a clear information point.
1 and * * * share a fund, which is a joint-stock company, but unlike ordinary joint-stock companies, its business is mainly securities investment trust.
2.* * * The capital of the same fund is the capital of the company as a legal person, that is, shares.
3.* * * The structure of the same fund is the same as that of a general joint-stock company, with a board of directors and a general meeting of shareholders. Fund assets are owned by the company, and investors are the shareholders of the company and the ultimate holders of its assets. Shareholders exercise their rights at the shareholders' meeting according to the size of their shares.
4. According to the articles of association, the board of directors is responsible for the safe appreciation of fund assets. For the convenience of management, mutual funds often have fund managers and custodians. The fund manager is responsible for the investment management of fund assets, and the custodian is responsible for supervising the investment activities of the fund manager. The custodian may (not necessarily) open an account in the bank and register the fund assets in his own name.
In order to clarify the rights and obligations of both parties, * * * has a contractual relationship with the fund company and the custodian, and the responsibilities of the custodian are clearly stipulated in the Custody Agreement signed by him and * * * with the fund company. If the fund of * * * has problems, investors have the right to directly ask the fund company of * * *.
Then, all the above contents are a systematic exposition of the characteristics and concepts of enterprise funds. It is worth noting that after the establishment of a corporate fund, in order to protect the interests of investors, the trustee must entrust its management and custody functions to others: first, the fund manager is responsible for the sales and management of the fund; The second is the fund custodian, who is responsible for keeping the fund assets.